Cinctive Capital Management LP Acquires Shares of 124,180 Via Transportation Inc. $VIA

Cinctive Capital Management LP bought a new position in Via Transportation Inc. (NYSE:VIA) during the third quarter, Holdings Channel.com reports. The institutional investor bought 124,180 shares of the company’s stock, valued at approximately $5,971,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stephens Investment Management Group LLC purchased a new stake in shares of Via Transportation in the third quarter valued at approximately $4,787,000. Federated Hermes Inc. purchased a new position in Via Transportation during the third quarter worth approximately $9,616,000. Principal Financial Group Inc. purchased a new position in Via Transportation during the third quarter worth approximately $14,394,000. Compagnie Lombard Odier SCmA acquired a new position in Via Transportation during the third quarter worth $240,000. Finally, Assetmark Inc. purchased a new stake in Via Transportation in the 3rd quarter valued at $36,000. 74.40% of the stock is currently owned by institutional investors and hedge funds.

Via Transportation Stock Performance

VIA stock opened at $16.66 on Friday. Via Transportation Inc. has a 52-week low of $15.48 and a 52-week high of $56.31. The firm has a market capitalization of $1.35 billion and a PE ratio of -24.15. The stock’s fifty day simple moving average is $21.20.

Via Transportation (NYSE:VIA) last announced its quarterly earnings results on Friday, February 27th. The company reported $999.00 EPS for the quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Oppenheimer cut their target price on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, January 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Noble Financial lowered shares of Via Transportation to a “buy” rating in a report on Tuesday, December 16th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $28.00 target price on shares of Via Transportation in a research note on Monday, March 2nd. Finally, Morgan Stanley decreased their target price on shares of Via Transportation from $41.00 to $28.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Twelve equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Via Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Via Transportation Profile

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.